NRW.BANK cooperates with FinCompare to provide development loans via web portal

22. March 2018

Hano­ver — NRW.BANK is the first deve­lo­p­ment bank to coope­rate with the FinCompare finance portal with imme­diate effect: Selec­ted NRW.BANK deve­lo­p­ment program­mes are now inte­gra­ted into the fintech’s portal and comple­ment the range of products offe­red by around 200 prin­ci­pal banks, savings banks and other finan­cing partners.

“Digi­tal sales chan­nels are also beco­ming incre­asingly important in the initia­tion of loan tran­sac­tions in the commer­cial sector,” explains Michael Stöl­ting, member of NRW.BANK’s Mana­ging Board. “By coope­ra­ting with FinCompare, we offer compa­nies in NRW another digi­tal way to find the right funding product for their entre­pre­neu­rial idea.”

“Deve­lo­p­ment banks play an important role in corpo­rate deve­lo­p­ment and NRW.BANK is an elemen­tary factor in SME finan­cing. Toge­ther, we are now simpli­fy­ing access to capi­tal: compa­nies from NRW looking for invest­ment loans on FinCompare, for exam­ple, are filte­red out and, on request, their eligi­bi­lity for funding is checked auto­ma­ti­cally and in real time by NRW.BANK — this is the modern form of corpo­rate finan­cing,” says Stephan Heller, foun­der and CEO of FinCompare. 

On the FinCompare platform (

), small and medium-sized enter­pri­ses can compare offers from more than 200 finan­cing part­ners (banks, leasing compa­nies and FinTechs) for commer­cial finan­cing and busi­ness invest­ments and request a deal from their prefer­red banks. To date, FinCompare serves more than 1,500 active custo­mers with a proces­sed finan­cing volume of more than 800 million euros. FinCompare is head­quar­te­red in Berlin and since March 2018, the compa­ri­son portal has main­tai­ned an office in Düssel­dorf, where a team of around 20 employees is being built up. With NRW.BANK, a deve­lo­p­ment bank is now also connec­ted via a tech­ni­cal inter­face for the first time. This enables compa­nies from North Rhine-West­­pha­­lia to opti­mize the finan­cing of their project with a bank or savings bank in line with their needs. The coope­ra­tion is part of NRW.BANK’s digi­tiza­tion strategy.

NRW.BANK is the deve­lo­p­ment bank for North Rhine-West­­pha­­lia. It supports its owner — the state of NRW — in its struc­tu­ral and econo­mic policy tasks. To this end, it bund­les deve­lo­p­ment programs from the state, the fede­ral govern­ment and the Euro­pean Union and combi­nes them with its own debt and equity products and consul­ting services. It works with all banks and savings banks in NRW in a compe­­ti­­tion-neutral manner and in the house bank procedure.

About FinCompare
FinCompare, with loca­ti­ons in Berlin and Düssel­dorf, is a leading digi­tal plat­form for corpo­rate finan­cing and is aimed at small and medium-sized enter­pri­ses (SMEs) with finan­cing needs. At compa­nies reach over 200 banks, leasing compa­nies, facto­ring compa­nies and inno­va­tive finan­cing part­ners. The plat­form offers all common finan­cing solu­ti­ons as well as access to funding programs under one roof. Compa­nies receive targe­ted and inde­pen­dent advice.

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